CSW Industrials, Inc. (NYSE:CSW) Stock Rated “Moderate Buy” by Sell-Side Brokerages

Shares of CSW Industrials, Inc. (NYSE:CSW) have been assigned a consensus rating of “Moderate Buy” from the nine research firms that are covering the company, MarketBeat.com reports. Six analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $342.71.

Several brokerages have recently commented on CSW. Citigroup increased their target price on shares of CSW Industrials from $304.00 to $340.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. Wall Street Zen cut shares of CSW Industrials from a “buy” rating to a “hold” rating in a report on Sunday, October 18th. JPMorgan Chase & Co. upped their price objective on shares of CSW Industrials from $350.00 to $380.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Truist Financial decreased their price objective on shares of CSW Industrials from $332.00 to $328.00 and set a “hold” rating for the company in a research note on Monday. Finally, Wells Fargo & Company reduced their target price on CSW Industrials from $320.00 to $290.00 and set an “equal weight” rating for the company in a report on Friday.

CSW Industrials Stock Up 0.5%

Shares of NYSE:CSW opened at $287.63 on Tuesday. The stock has a market cap of $4.69 billion, a price-to-earnings ratio of 36.97 and a beta of 0.81. The company has a quick ratio of 1.36, a current ratio of 2.70 and a debt-to-equity ratio of 0.77. CSW Industrials has a 12-month low of $236.66 and a 12-month high of $355.48. The business’s 50 day moving average is $297.23 and its 200 day moving average is $290.74.

CSW Industrials (NYSE:CSW) last released its quarterly earnings results on Thursday, October 29th. The basic materials company reported $3.66 EPS for the quarter, missing analysts’ consensus estimates of $3.69 by ($0.03). CSW Industrials had a net margin of 10.34% and a return on equity of 17.41%. The company had revenue of $361.44 million during the quarter. During the same period in the prior year, the firm earned $2.96 earnings per share. The company’s revenue was up 30.5% compared to the same quarter last year. On average, sell-side analysts forecast that CSW Industrials will post 12.53 earnings per share for the current fiscal year.

CSW Industrials Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 30th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, October 30th. This represents a $1.20 annualized dividend and a dividend yield of 0.4%. CSW Industrials’s dividend payout ratio (DPR) is currently 15.42%.

Insider Buying and Selling at CSW Industrials

In related news, EVP Jeff Underwood sold 720 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $346.96, for a total value of $249,811.20. Following the transaction, the executive vice president directly owned 6,409 shares of the company’s stock, valued at approximately $2,223,666.64. The trade was a 10.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Joseph Armes sold 1,500 shares of CSW Industrials stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $287.04, for a total transaction of $430,560.00. Following the completion of the sale, the chief executive officer directly owned 64,083 shares in the company, valued at approximately $18,394,384.32. This represents a 2.29% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 3,720 shares of company stock valued at $1,114,741. Insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On CSW Industrials

Large investors have recently modified their holdings of the stock. Covestor Ltd grew its holdings in CSW Industrials by 74.5% during the 3rd quarter. Covestor Ltd now owns 96 shares of the basic materials company’s stock valued at $28,000 after buying an additional 41 shares in the last quarter. Valley Wealth Managers Inc. purchased a new stake in shares of CSW Industrials in the first quarter worth about $26,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of CSW Industrials in the second quarter worth about $29,000. Public Employees Retirement System of Ohio purchased a new stake in shares of CSW Industrials in the second quarter worth about $29,000. Finally, Global Retirement Partners LLC bought a new position in shares of CSW Industrials in the second quarter valued at approximately $31,000. Hedge funds and other institutional investors own 82.79% of the company’s stock.

About CSW Industrials

CSW Industrials, Inc (NYSE: CSW) is a diversified industrial company that develops, manufactures and sells products designed for professional trades, commercial and residential construction, and industrial maintenance applications. Its offerings are marketed primarily through established brands and distribution channels serving contractors, building professionals and industrial customers.

The company operates through three principal segments: Contractor Solutions, Engineered Building Solutions and Specialized Reliability Solutions.